The Financial Post reports in its Friday edition that BCE, following a quarter in which it began cutting 1,300 positions, shuttered six radio stations and closed two foreign news bureaus, says more cost restructuring could be in store in response to declining ad revenue and regulatory hurdles. A Canadian Press dispatch to the Post reports that BCE reiterated the significance of those hurdles on Thursday as it posted its second quarter earnings. Chief financial officer Glen Leblanc says Bell Media faces operating losses across its news divisions, "a prolonged advertising slump with no signs of immediate recovery," rising content production costs and "a more challenging regulatory environment that has not adapted to the new realities facing media." He said: "This has required us to rightsize our operating cost structure and asset portfolio to align with the expected revenue potential of our media business. Going forward, we will need to continue doing so in order to deliver for our shareholders in this unconstructive economic and regulatory environment." Chief executive officer Mirko Bibic added that the company would continue monitoring regulatory and political developments that could affect Bell's bottom line.